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The 2025-26 Budget: Cap-and-Trade Reauthorization and Greenhouse Gas Reduction Fund Proposals at May Revision

May 19, 2025 - Describes and comments on the Governor's May Revision proposals for reauthorizing the cap-and-trade program and spending Greenhouse Gas Reduction Fund revenues.


Handout

The 2025-26 Budget: Medi-Cal in the May Revision

May 19, 2025 - The 2025-26 Budget: Medi-Cal in the May Revision handout.


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The 2025-26 Budget: Concession Bargaining

May 19, 2025 - This is our analysis of the Governor’s May Revision proposal to (1) not fund scheduled pay increases to state employees established in ratified labor agreements and (2) authorize the Department of Finance (DOF) to impose reductions to employee compensation if collective bargaining agreements to achieve savings are not in place by July 1, 2025.


Brief

The 2025-26 Budget: Initial Comments on the Governor's May Revision

May 17, 2025 - On May 14, 2025, Governor Newsom presented a revised state budget proposal to the Legislature. This annual proposed revised budget is referred to as the May Revision. In this brief, we provide a summary of and comments on the Governor’s revised budget, focusing on Governor’s proposals for and the overall condition of the state General Fund—the budget’s main operating account.


Handout

Cap-and-Trade Program: Key Choices Ahead

May 8, 2025 - Senate Budget and Fiscal Review Subcommittee No. 2 on Resources, Environmental Protection and Energy and Senate Environmental Quality Committee


Report

Assessing California’s Climate Policies: Cap-and-Trade Reauthorization

May 7, 2025 - This report is intended to help inform legislative decision-making around reauthorization of the cap-and-trade program. It is submitted pursuant to Chapter 135 of 2017 (AB 398, Garcia), which requires our office to report annually on the economic impacts and benefits of the state’s greenhouse gas emissions reduction targets.


Handout

Rethinking California’s Reserve Policy (Panel 2)

May 7, 2025 - Assembly Budget Subcommittee No. 7 on Accountability and Oversight


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Reserves, Proposition 2, and the Budget Stabilization Account (Panel 1)

May 7, 2025 - Assembly Budget Subcommittee No. 7 on Accountability and Oversight


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The 2025-26 Budget: State Mandate—Santa Ana Regional Water Quality Control Board

May 5, 2025 - In this budget post, we discuss a municipal stormwater mandate issued by the Santa Ana Regional Water Quality Control Board in 2009 for local governments in Orange County.


Brief

Overview of Diversity Efforts in the Film Tax Credit Program

May 1, 2025 - Chapter 114 of 2021 (SB 144, Portantino) required our office to issue a report summarizing the workforce diversity information collected by the California Film Commission (CFC) and evaluate the effectiveness of the tax credit for increasing diversity. In this report, we describe the existing requirements and upcoming changes to diversity efforts in the program, compare and contrast the workforce diversity of productions receiving credits with the broader California workforce and population, and provide some broader considerations for evaluating the expanded requirements taking effect in version 4.0 of the credit.


Brief

Trends in Higher Education: Facilities

April 30, 2025 - This is the final brief of a six-part series covering higher education trends in California. This brief focuses on higher education facilities. The brief includes key issues for the Legislature to consider as it makes related policy and budget decisions.


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The 2025-26 Budget: Scholarshare Investment Board

April 30, 2025 - In this post, we analyze the Governor’s budget proposal to provide the Scholarshare Investment Board with three additional employee positions to support the California Kids Investment and Development Savings program.


Handout

The Greenhouse Gas Reduction Fund: Current Status and Choices Ahead

April 30, 2025 - Assembly Budget Subcommittee No. 4 on Climate Crisis, Resources, Energy and Transportation


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Preliminary Assessment of Significant Changes to State's Technology Project Approval and Oversight Processes

April 29, 2025 - This post discusses a new process introduced by the administration to plan, develop, and implement generative artificial intelligence projects—the Project Delivery Lifecycle—and its potential impacts on legislative oversight of technology projects.


Handout

Wildfire Response and Recovery in California

April 28, 2025 - Assembly Budget Subcommittee No. 6 on Public Safety